General Fibo+Trendline Automatic

[Deby]

Not having to draw trendlines and microtrend corrections is great. Having fibo as a correction or reversal meter is even better. Both together give quite a precision in the trade! I don't know if you knew, but when a current trend at fibo reaches 61.8, it says to us: "I'm going to reverse" and that's it!

 

[danielfm45]

Thanks for this excellent information on fibo. I have not used it this way in the past. I'm going to try it.

 

[IIslayaGammingII]

I like to set my SL to BE around the halfway line to minimise loss and maximise gain